Discovery (DSY) AGM 2025 summary

Opening remarks and agenda

• Meeting declared open with 84% of issued share capital represented and quorum confirmed.

• Notice of meeting and agenda, including six ordinary and two special resolutions, taken as read.

• AGM webcast enabled for remote participation, voting, and Q&A.

Financial performance review

• Delivered excellent performance across all business units in the first year of a five-year growth plan.

• Normalized profit from operations up 29%; normalized headline earnings up 30% to ZAR 9,781 million.

• Five-year ambition set to grow profit from operations by 15%-20% compounded annually through 2029.

• Favorable investment markets supported business, despite global economic and political uncertainties.

Board and executive committee updates

• Board expanded to 13 directors as of September 2025 with the appointment of a new non-executive director.

• Board diversity targets rolled over for the next five years; ongoing focus on skills and succession planning.

• Female board representation reached 54%, exceeding the 30% target.

• Black board representation at 38%, nearing the 40% target.